Shristi Infrastructure Development Corporation Limited has published newspaper advertisements confirming its 36th Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026. The notice appeared in Financial Express (English) and Aajkaal (Bengali) on September 3, 2026.

The meeting will be conducted through Video Conferencing or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs General Circular Nos. 20/2020 and 3/2025. The session begins at 12:30 pm with the deemed venue at the registered office in Kolkata.

Shareholder Access and Voting

Electronic copies of the AGM notice and the annual report for the financial year ended March 31, 2026, will be sent to members with registered email addresses. Physical copies are available upon request. The documents are also accessible on the company website, the Registrar & Share Transfer Agent (KFin Technologies Limited) portal, and the stock exchange websites.

Members can cast votes remotely via an e-voting system provided by KFin. Login credentials will be emailed to shareholders. Those without registered emails can generate credentials via instructions in the AGM notice. Participants joining via VC/OAVM who have not voted remotely can exercise voting rights during the meeting.

Administrative Updates

Krishna Kumar Pandey, Company Secretary and Compliance Officer, issued the intimation. The company also reminded shareholders to update their KYC details, bank mandates, and contact information to prevent the transfer of unpaid dividends to the Investor Education and Protection Fund Authority (IEPFA).

Additionally, a special window for the transfer and dematerialisation of physical securities sold or purchased before April 1, 2019, remains open until February 4, 2027. Transferred securities will be credited in demat mode with a one-year lock-in period.

Shristi Infrastructure Development Corporation Limited ( Shristi Infrastructure ) reported a significant widening in its net loss for the first quarter of FY27, driven by a sharp contraction in operating revenues and mounting operational deficits. The Kolkata-based infrastructure developer posted a standalone net loss of ₹1,318.67 lakh for the quarter ended June 30, 2026, compared to a loss of ₹263.80 lakh in the corresponding period of FY26.

Total income from operations dropped 61.5% year-on-year to ₹809.45 lakh, down from ₹2,101.52 lakh in Q1FY26. This represents a continued decline from the previous quarter (Q4FY26), where revenue stood at ₹1,559.30 lakh. The consolidated figures mirrored this trend, with total income remaining identical to standalone at ₹809.45 lakh and a consolidated net loss of ₹1,319.28 lakh.

Financial Performance Overview

The company’s profitability metrics deteriorated across both standalone and consolidated bases. The pre-tax loss before exceptional items stood at ₹1,321.09 lakh on a standalone basis, up from ₹265.73 lakh in the prior year. No exceptional items were recorded during the period.

Earnings per share (basic) declined to ₹(5.94) from ₹(1.19) in the same quarter last year. The total comprehensive income for the period was a loss of ₹1,311.44 lakh on a standalone basis.

What the Numbers Show

A critical divergence exists between the company’s debt levels and its equity base. While outstanding debt remained relatively stable at ₹36,110.29 lakh (down slightly from ₹36,746.05 lakh in June 2025), the company’s reserves have eroded significantly. Standalone reserves excluding revaluation reserves moved deeper into negative territory to ₹(10,924.22) lakh, from ₹(8,185.66 lakh) a year ago. Consequently, the standalone net worth has turned negative, standing at ₹(8,704.22) lakh. This indicates that the company’s liabilities exceed its assets, a structural challenge exacerbated by the current revenue shortfall.

Balance Sheet and Capital Structure

The debt-equity ratio on a standalone basis improved numerically to (4.15) from (6.21) a year ago, primarily due to the erosion of equity rather than a reduction in debt burden. Paid-up equity share capital remained unchanged at ₹2,220.00 lakh.

The Debt Service Coverage Ratio (DSCR) and Interest Service Coverage Ratio were reported as negative values ((2.58) and (2.58) respectively), reflecting the inability of current cash flows to cover debt obligations given the ongoing losses. The Debenture Redemption Reserve increased marginally to ₹3,725.72 lakh from ₹3,625.02 lakh in the preceding quarter.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 12, 2026. The results are filed in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.